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Why is OPEC+ cutting oil production?

Why is OPEC+ cutting oil production?

FromEssential Middle East


Why is OPEC+ cutting oil production?

FromEssential Middle East

ratings:
Length:
28 minutes
Released:
Oct 13, 2022
Format:
Podcast episode

Description

The OPEC+ alliance of oil-exporting countries has announced reducing oil production by 2 million barrels per day, one of its largest supply cuts since the coronavirus pandemic. The decision comes at a time when many countries are grappling with soaring energy prices-fuelled inflation.
So what is behind the new decision of OPEC+ to reduce oil production, and what could that mean for consumers?
In this episode:

Nikolay Kozhanov (@KozhanovNikolay), Research Associate Professor at Qatar University

Episode credits:
This episode was produced by Salim Alyafei. Research was done by our intern Nada Shakir. Our host is Sami Zeidan. Our lead engagement producer is Aya Elmileik and our assistant engagement producer is Munera AlDosari. Omar Al Saleh is the executive producer and Al Jazeera's head of audio is Ney Alvarez. 
Connect with us at:@AJEPodcasts on Twitter, Instagram, and Facebook
Released:
Oct 13, 2022
Format:
Podcast episode

Titles in the series (48)

In the world of news, headlines are essential, but providing in-depth analysis of news and current affairs became rare. We analyze the news and simplify complex geopolitical realities of the Middle East and wider Muslim world.  To help you make sense of it all, join host Sami Zeidan, every Thursday.